Why Quantum Computing Stock Xanadu Quantum Technologies Plummeted 56.2% in September
After announcing auspicious developments last month, Xanadu Quantum Technologies gave bulls plenty of reason to suggest it was a good time to click the buy button on the quantum computing stock. That was hardly the case, though. One specific — and, frankly, unsurprising — catalyst contributed to the decline in shares last month.
According to data provided by S&P Global Market Intelligence, Xanadu shares plunged 56.2% in September.
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